NH - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 4.1

Here’s a detailed technical analysis of Narayana Hrudayalaya Ltd (NH) based on the data provided and current market indicators

📊 Trend & Momentum Overview

Current Price (₹1,983) is above both 50 DMA (₹1,920) and 200 DMA (₹1,640) — indicating a strong uptrend.

RSI (52.1): Neutral to mildly bullish, suggesting room for upside without being overbought.

MACD (11.7): Strong positive value — confirms bullish momentum.

Volume: Slightly below average, which may imply moderate conviction in the current move.

Conclusion: The stock is trending upward, supported by momentum indicators.

📈 Chart Patterns & Indicators

Bollinger Bands: Price likely near the upper band, indicating momentum continuation or potential short-term resistance.

Support Zones

₹1,920: Near 50 DMA, strong short-term support

₹1,850: Previous consolidation zone

Resistance Zones

₹2,050–₹2,100: Minor resistance from recent price action

₹2,372: 52-week high, major resistance

🔍 Short-Term Momentum Signals

Bullish Indicators

Price above key moving averages

MACD strongly positive

RSI in bullish territory

Watch for: Breakout above ₹2,050 with volume for confirmation

🎯 Optimal Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 1,920 – 1,950 Near support, above DMA levels

Target Exit 2,050 – 2,100 First resistance zone

Stop Loss 1,880 Below 50 DMA and recent support

🔄 Market Phase

Status: Trending

Bias: Bullish

Outlook: Positive, with potential for breakout if volume picks up

Would you like me to track NH’s next resistance test or compare it with other healthcare stocks for relative strength?

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